Roche Chairman to Step Down

The chairman of Roche Holding will leave his post next year. At the company's annual general meeting, Franz Humer said he will not stand for re-election when his current term expires in 2014. Roche said it will nominate his successor this autumn, and like Humer, this person will serve as a non-executive chairman.

In addition to his position as chairman, Humer also served as the company's CEO from 1998 to 2008. He said of the company: "Roche is in excellent shape and well positioned to meet future challenges. This is a good time to hand over to a successor."